Foreigners Net Sell Domestic Stocks for 3 Consecutive Weeks This Month... SK Hynix Most Bought
[Asia Economy Reporter Ji Yeon-jin] Foreign investors have continued a three-week consecutive net buying rally this month.
According to the Korea Exchange on the 20th, foreign investors net purchased about 692 billion KRW worth of domestic stocks over five days from the 14th to the 18th. During this period, institutions net bought about 1.0554 trillion KRW, while individuals net sold about 1.835 trillion KRW.
Foreign investors bought SK Hynix the most, net purchasing about 484.2 billion KRW worth, followed by Woori Financial Group (181.3 billion KRW), KakaoBank (144.9 billion KRW), Hana Financial Group (125.6 billion KRW), and Samsung Electronics (103.2 billion KRW).
On the other hand, they sold LG Energy Solution the most, net disposing about 202.6 billion KRW worth. They also had large net sales of Kakao (-123.5 billion KRW), NAVER (-80.6 billion KRW), Hyundai Motor (-59.4 billion KRW), and Samsung SDI (-43.8 billion KRW).
Meanwhile, individuals net bought LG Energy Solution the most, acquiring about 235.5 billion KRW worth, followed by NCSoft (74.7 billion KRW), NAVER (67.9 billion KRW), S-Oil (46.5 billion KRW), and Kakao (45.3 billion KRW).
Institutions net purchased SK Hynix (82.8 billion KRW), Samsung Electronics (81.7 billion KRW), Kakao (68.4 billion KRW), Lotte Chemical (58.0 billion KRW), and LG Household & Health Care (55.7 billion KRW) the most.
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Park Seung-yeon, a researcher at Hanwha Investment & Securities, said, "The key to the stock market is whether the U.S. Federal Reserve (Fed) can control inflation expectations," adding, "If the policy path is uncertain, volatility in the stock market increases, lowering stock market valuations. Opinions are divided over the rate hike size at the March Federal Open Market Committee (FOMC) meeting, so the rebound momentum until then is expected to be weak."
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